Signal Advisors Wealth LLC Has $1.03 Million Stake in Lowe's Companies, Inc. (NYSE:LOW)

Signal Advisors Wealth LLC trimmed its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 51.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,164 shares of the home improvement retailer's stock after selling 4,462 shares during the period. Signal Advisors Wealth LLC's holdings in Lowe's Companies were worth $1,028,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FMR LLC increased its position in Lowe's Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock worth $7,045,006,000 after buying an additional 2,399,897 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Lowe's Companies by 1,889.7% in the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer's stock valued at $578,256,000 after purchasing an additional 2,027,668 shares during the last quarter. Applied Finance Capital Management LLC grew its position in shares of Lowe's Companies by 387.7% in the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer's stock valued at $219,761,000 after purchasing an additional 645,017 shares during the last quarter. Marshall Wace LLP grew its position in shares of Lowe's Companies by 170.5% in the second quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer's stock valued at $162,178,000 after purchasing an additional 463,645 shares during the last quarter. Finally, State Street Corp grew its position in shares of Lowe's Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock valued at $6,774,948,000 after purchasing an additional 460,851 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LOW shares. StockNews.com downgraded Lowe's Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Barclays increased their price target on Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. Wells Fargo & Company increased their price target on Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Piper Sandler increased their price target on Lowe's Companies from $262.00 to $307.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Finally, Melius Research started coverage on Lowe's Companies in a research report on Monday, September 23rd. They set a "buy" rating and a $290.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $280.85.

Lowe's Companies Price Performance

NYSE LOW traded up $5.54 on Wednesday, reaching $256.73. The company had a trading volume of 2,878,944 shares, compared to its average volume of 2,392,622. The business has a 50 day moving average of $260.54 and a two-hundred day moving average of $253.93. Lowe's Companies, Inc. has a fifty-two week low of $209.55 and a fifty-two week high of $287.01. The firm has a market cap of $144.96 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 2.20 and a beta of 1.11.

Lowe's Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.79%. Lowe's Companies's payout ratio is currently 38.37%.

About Lowe's Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.